Cordless Planer Market Size, Share, Growth, and Industry Analysis, By Type (12v, 18v, 20v, & Others), By Application (Household & Commercial) and Regional Insights and Forecast To 2032

CORDLESS PLANER MARKET REPORT OVERVIEW

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The global cordless planer market size was USD 1268 million in 2022 and will touch USD 1988.3 million in 2029, exhibiting a CAGR of 6.6% during the forecast period.

Cordless planer is a battery operated machine. This machine is used to strip away discolored wood. This cleaning out of wood offers a finishing to the edges and to shave wood for giving better structure. It comes in different sizes and it is easy to carry which enables the furniture to look perfect. This machine is used by carpenters and woodworkers. It does not require a power cord as traditional planers require. It offers greater flexibility and convenience with battery-powered.

Increasing awareness of environmental protection and greening and the continuous promotion of the carbon neutral strategy are increasing market growth. Major cities in large countries continue to increase the public green area and horticultural supplies are enhancing the market growth.

COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID-19 pandemic has declined demand for cordless planers products. The industry witnessed downfall as a result of imposed lockdowns and supply chain disruptions. There were reduced construction activities which has affected the market growth. Conversely, people spent their time at home because of a pandemic that has developed an inclination towards DIY woodcraft tasks. This has increased demand for end user planer equipment. The market is anticipated to recover with the restrictions eased. As well as construction activities resumed which led to a gradual recovery of the market growth.

LATEST TRENDS

"Implementation of Advanced Technology Propel Market Growth"

Present trend in the market that is propelling market enlargement is the implementation of advanced technology, such as brushless motors and lithium-ion batteries. It provides better power and longer runtime. Furthermore, there is a budding demand for lightweight and compact tools that offer handiness and are easy to use.

CORDLESS PLANER MARKET SEGMENTATION

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By Type

Based on type the global market can be categorized into 12v, 18v, 20v, & others.

• 12v: 12v planer tools are typically compact and lightweight and suitable for light-duty work.

• 18v: 18v planer devices deliver more power and are suitable for both light and medium work.

• 20v: 20v planer machines offer even more power and can handle heavier duty tasks.

• Others: There are other types of planer machines in the market with different voltage ratings such as 14.4v and 24v and suitable for different purposes.

By Application

Based on application the global market can be categorized into household & commercial.

• Household: In households, cordless planers are generally used for small-scale woodworking activities, furniture refinishing, and DIY tasks and It offers convenience, portability, and ease of use, making them suitable for amateur woodworkers or those with limited space.

• Commercial: In the commercial market, cordless planers are utilized in professional woodworking, construction, and carpentry industries and their cordless design allows for increased mobility and efficiency in larger-scale projects, facilitating faster material removal and smoother surface finishing.

DRIVING FACTORS

"Increasing Customization of Planer Encourages Market Growth"

One of the key growing factors in the global cordless planer market growth is the growing demand for high-performance machines which has propelled the need for advanced planer tools. This has increased customization of planer is propelling the market growth. In addition, rigorous government regulations imposed on products have compelled development and utilization of battery operated machines to meet compliance requirements that have supported the expansion of the market.

"Increasing Attentiveness of Physical Condition and Wellness Boosts Market Growth"

Another growing factor for market growth is growing consumer attentiveness of physical condition and wellness. It raised consciousness which resulted in an upswing in demand for products that are valued as healthier and more natural alternatives. Technological developments have provided more efficient and sustainable production methods which further encourage market growth. Consistent advancements in technology and materials which are employed by manufacturers in the manufacturing process of machines have significantly boosted the market growth.

RESTRAINING FACTORS

"High Initial Cost and Limited Battery Capacity Hindered Market Growth"

One of the key limiting factors for the market impediment is the high initial cost of battery powered planers compared to traditional corded models. This acts as a barrier for small-scale woodworking businesses and individual users. Additionally, limited battery capacity and the need for frequent recharging pose challenges for continuous usage especially in heavy-duty applications. This constraint discourages the widespread agreement of battery powered planers in industrial sectors.

CORDLESS PLANER MARKET REGIONAL INSIGHTS

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"North America Region Dominating the Market due to Presence of Robust Woodworking Industry"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

North America has emerged as the most dominant region in the global cordless planer market size share due to the presence of an established woodworking industry. Existence of a large number of professional woodworkers, furniture manufacturers is increasing demand for the tool. The DIY admirer customers are escalating demand for the planer tool in this region which is fueling the market growth. The U.S. and Canada are the major contributors to the market expansion. Europe is next to the North America region in the market share due to the focus on craftsmanship and high-quality woodworking products that are increasing demand for precision planers. Germany, Italy, and the U.K. are dominating the region and contributing to the market growth.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Development"

Many prominent industry players are operating in this market focused on providing high quality, customer satisfaction and innovative products by implementing advanced technologies. There are many companies in the market that use some techniques such as merger, acquisitions, partnership and using new advanced technologies for producing and developing new products and stay ahead in the market.

List of Market Players Profiled

• Hitachi (Japan)
• DeWalt (U.S.)
• WEN Products (U.S.)
• Milwaukee (U.S.)
• Metabo (Germany)
• Bosch (Germany)
• Total Tools (India)
• ITS (U.S.)
• Fastenal (U.S.)
• Lowe's (U.S.)
• Makita (Japan)
• Toucan Tools (U.K.)

INDUSTRIAL DEVELOPMENT

April 2023: Publix launched its new Greenwise cordless power tools to diversify its product portfolio. This equipment meets the rising market of do-it-yourself home enhancement enthusiasts. It offers sustainability, efficiency, and durability. Greenwise consists of a series of four essential tools, all powered by an 18v battery system. These tools include a cordless drill, impact driver, circular saw, and reciprocating saw, each featuring the distinctive Greenwise green color. These tools are designed for accessibility to cater to beginners customers and experienced DIY followers.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.